Economy

The subprime auto loan bubble is bursting.

Retail apocalypse expanding.

Economy

Year over year worldwide sales of smartphones dropped for the first time.

The Austrian True Money Supply (TMS) year over year growth rate fell precipitously in 2017 much like it did during 2005.

Economy

Subprime auto loans to try and pump up sales.

Economy

PC shipments fall to lowest level since 2007.

Economy

Gymboree to close 350 stores, but the economy is great.

Microsoft laying off workers.

Economy

Bank failures are on the rise.

The car bubble is beginning to collapse.

Will the eclipse trigger the crash? I stand by my prediction it will start in August, September, or October.

Hedge Fund manager predicts the crash will hit next Valentine's Day.

Last local K-Mart to close as Sears closes 43 more stores.

Tesla stock crashes.

Economy

Home prices hit all-time high just like in the last bubble.

Second foreclosure in a month in New York City's billionaire's row.

Economy

Even the DDN recognizes the craft beer business is a boom.

May second best month on record for new businesses.

West Chester ax-throwing business.

Amazon buys Whole Foods for $13.7 billion. Shares were suspended.

While a supposedly lone leftist nut was shooting three rulers in Washington, rulers were crushing all of us via Fed and political policies.

"The American people are being brought to ruin by three institutions that are mortal threats to liberty and prosperity. To wit, the Federal Reserve, the military/industrial/surveillance complex and a sinecured Congress that is burying unborn generations in debt – even as it sanctimoniously presumes that it is doing god’s work by servicing the beltway racketeers who keep it perpetually in office." 

Great quote.

"On the latter score, it is worth reminding once again. An incumbent House member standing for reelection has a smaller chance of losing his seat than did a Politburo member during the heyday of the postwar Soviet Union."

Great observation. This article touches everything.

"As we will document further tomorrow, the first part of Yellen’s proclamation is a risible lie. There has been zero net gain in industrial production since September 2007; no net gain in breadwinners jobs since January 2001; and zero gains in real median family incomes since 1989."

Oh, boy.

We should name bubble and bust business cycles for the Fed Chairmen who create them.

Economy

America's big five tech stocks lost $97.5 billion in valuation Friday.

Federal Reserve

Changes in the money supply don't create business cycles; money created out of thin air or credit do.

Economy

ESPN and the bursting sports bubble.

Economy

Cisco to cut 1,100 jobs on top of the 5,500 it originally planned to cut.

Economy

Signs the auto bubble is beginning to pop.

"So while carriers are hauling, consumers making car payments are stalling. Benjamin A. Smith writes for the Lombardi Letter,  “over one million Americans are overdue on their auto loan payments. Coupled with the fact that U.S. auto loan debt is at a record high of $1.16 trillion and delinquency rates are at their highest levels since 2009 (the Great Recession).”"

Uh-oh. Layoffs at Ford.

Economy

Despite auto loan bubble, car sales slump.

Economy

Investors turn picky, threatening worthless startups.

Economy

Another dot.com bubble seems to be deflating.

"The owner of messaging app Snapchat is not profitable and has warned it may never be."

But the company is worth $3.4 billion. Sounds familiar.

Economy

Microsoft nearing $1 trillion valuation, mostly thanks to android patents.

"Microsoft is generating $2 billion per year in revenue from Android patent royalties, says Nomura analyst Rick Sherlund in a new note on the company.
He estimates that the Android revenue has a 95% margin, so it's pretty much all profit. 
This money, says Sherlund, helps Microsoft hide the fact that its mobile and Xbox groups are burning serious cash. "

Thank the government.

Apple hits record high.

Alan Greenspan suddenly remembers gold is money.

Economic globalization versus political globalization.

Testosterone blamed for bubbles.

Another woman's retailers goes bankrupt.

"BCBG is just one of many retailers to announce store closures in 2017. The Limited shut down all brick-and-mortar locations, including local stores, and also filed for bankruptcy. Macy’s, Sears, Kmart and Ann Taylor will also cut select locations."

Nine retailers closing stores nationwide, but the economy is fine.

The bubble will soon pop despite Trump's reforms.

Big data will not enable a centrally planned economy.

GDP and ZIRP prove the economy is still bad contrary to the hype.


Skepticism of AI concerns voiced by plutocrats.
We need robots to take jobs.

Home ownership rate in 2016 lowest since 1965.

Technology can't prevent recessions because they are caused by misallocation of resources due to low interest rates and artificial credit.

Fractional reserve banking would be limited in a free market.

Bonds containing risky mortgages receive AAA rating as they did in 2007-2008.

There are no Christmas presents in broken Venezuela.

Ten fundamental laws of economics.

Inflation is about the money supply, not prices. Price inflation is a product of monetary inflation.

The correct definition of money is important.

Economy

This rotating skyscraper in Dubai should take the skyscraper curse to a new level.

Highway fatalities reach highest level since the height of the last bubble in 2007.

People not going out to eat as much despite all the new restaurants.

Bay area job growth declines dramatically.

Economy

Luxury home sales drop.

Economy

The Limited shuts all brick and mortar stores this month.

The Limited, Ann Taylor, Macy's, Sears, and Kmart are all closing Ohio stores this year.

Automation won't make us poor.